Amec seals Foster Wheeler takeover deal

Aaron Morby 10 years ago
Share

A new force is global engineering and consultancy was established today with the creation of Amec Foster Wheeler.

Amec’s £1.9m deal to buy Foster Wheeler was completed today creating a £5.5bn turnover business with over 40,000 staff across the world.

The combined company would have generated a combined trading profit of £521m in 2013.

The new group will operate from global headquarters in London and has 51 office locations in the UK alone.

Around the UK,  4,000 are employed in Aberdeen servicing the oil industry, a further 1,600 work out of the Knutsford and Warrington offices in the north west for the nuclear industry.

Amec’s Darlington and Newcastle bases will be strengthened by Foster Wheeler’s Teesside office in the north east.

In the south, Amec has a major design office in London and Foster Wheeler a head office in Reading, employing 1,700.

Samir Brikho, Chief Executive of Amec Foster Wheeler, said: “In creating our new company we are building on the proud heritage, skills and customer relationships of two already successful and highly respected businesses.

“Amec Foster Wheeler operates in more than 50 countries worldwide, in strong end markets and throughout the value chain.

“With our strong management team and talented workforce, we will not only serve our customers better, but can also offer our highly skilled employees even better career opportunities. I am proud to be leading the combined business into a new phase of growth.”

Amec Foster Wheeler designs, delivers and maintains strategic and complex infrastructure assets across a range of markets.

It has a strong presence across the onshore and offshore oil and gas value chain – from production, through processing, gas monetisation, midstream, oil refining and chemicals.

Amec Foster Wheeler is also a major player in the mining, clean energy, power generation, environment and infrastructure markets.

In addition, Amec Foster Wheeler is a leading designer, fabricator and supplier of advanced boiler systems for the power generation and industrial markets.

Based on 2013 pro-forma numbers, 56% of its revenues came from oil and gas, 19% came from clean energy, 9% from environment and infrastructure, 8% from the Global Power division and 8% from mining.

The engineering and project delivery operations will be managed through three geographic business units: Americas; Northern Europe & Commonwealth of Independent States; Africa, Middle East, Asia & Southern Europe.

Latest news

Six guilty of £2m bribery over Devon housing site deals

Corrupt building bosses and E.ON project chief and QS sentenced
2 days ago

1,650 former ISG staff launch legal claims

Redundancy Payment Service facing payout of more than £9m
3 days ago

Plans lodged for £1bn cancer research centre in Sutton

London Cancer Hub will deliver around 1m sq ft of lab and research space
2 days ago

London Met Uni seeks firm for £284m estate revamp

Contractor wanted to deliver capital works and FM
2 days ago

Delayed £2bn estate rebuild back on as Berkeley signs deal

Birmingham council development agreement paves way for 2028 Ladywood start
3 days ago

Tilbury Douglas boosts margin to 2.1% as profits double

Firm targets 3.5% margin by 2029 under new business plan
3 days ago

Subbies battle for fastest bricklayer title

Winchmore management team go back on the tools
3 days ago

Green light for revised McLaren Reading revamp

Mixed-use plans to transform Broad Street Mall site
2 days ago

Three arrested in Blu-3 and Mace bribery probe

Serious fraud office swoops over alleged £3m bribes to former Mace associates
3 days ago

Scotland’s most complex A9 dualling job heads to market

Market testing starts for £205m Pitlochry to Killiecrankie 6.4km upgrade
3 days ago

Unite signs £390m student beds JV with Manchester Met

Construction at Cambridge Halls site to start next year
3 days ago

Turkish contractor Limak to build new Luton Town stadium

Construction to start this summer on 25,000-seater venue
4 days ago

Kitchen fitter crushed to death by concrete blocks

House builder goes into liquidation before court case
3 days ago

Mears clinches £230m renewal for key Milton Keynes housing deal

Housing upkeep contractor achieves 100% renewal rate in bust rebid period
3 days ago

Murphy on board at new £32m rail station

Construction to start next year at Golborne station
4 days ago

HS2 engineers finish UK’s heaviest bridge slide early

A46 Kenilworth Bypass reopens 30 hours earlier than planned
4 days ago

Bowmer + Kirkland to build £190m Oxford science scheme

Work to start at end of next month on 180,000 sq ft Fabrica scheme
4 days ago

New BAM leisure centre pool springs a leak

Contractor investigating "technical issues" delaying new £36m green leisure centre
5 days ago

United Living lands £250m HyNet pipeline deal

Firm wins deal to design and build over 34km of pipework to collect CO2
4 days ago

Hydrogen diggers get green light to use roads

JCB hails historic decision for advance of hydrogen-fuelled plant on sites
4 days ago

Go-ahead for McAleer & Rushe Glasgow student job

£100m funding deal paves way for 591-bed student tower
4 days ago

Fly-tippers to get their vehicles crushed

Drones will be used to identify cowboy construction waste operators
4 days ago

Green light for £150m West End office revamp

Shaftesbury Avenue office retrofit retains 75% of original building
5 days ago

Morgan Sindall lands £30m Brunswick Wharf scheme in Bideford

North Devon waterside project will provide 100 flats
4 days ago

Former Keltbray managers jailed after corruption trial

Jail sentences following bribery probe on jobs including Battersea Power Station
5 days ago

Lidl pumps £500m into store and logistics expansion

Discounter plans 40 new stores this year as expansion ramps up
5 days ago

JJ Rhatigan UK profit jumps as turnover tops £150m

Irish contractor's expansion in England gathers pace
5 days ago

Driverless digger to be used on Taylor Woodrow site

Autonomous excavator to work at Manchester Airport after successful trial
5 days ago

MCS Build lands Basingstoke warehouse scheme

Construction starts this month after £26m funding deal
5 days ago

Leeds United unveil stadium revamp design

Club has still to set a timeframe for staged Elland Road upgrade
5 days ago

Contractor services